25482402, 19-9.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 25482402

Notice of Proposed Rule

Department:

STATE BOARD OF ADMINISTRATION

Chapter:

PUBLIC EMPLOYEE OPTIONAL RETIREMENT PROGRAM: INVESTMENT POLICY STATEMENT

Overview

RULE:

19-9.001

Investment Policy Statement

PURPOSE:

To adopt the revised Investment Policy Statement approved by the Trustees on May 4, 2021 and made effective July 1, 2021 for the Florida Retirement System Investment Plan. The revised Investment Policy Statement reflects the fact that the Stable Value Fund replaces the Money Market Fund as an available investment option in Florida Retirement System Investment Plan.

SUMMARY:

The most recently revised version of the Investment Policy Statement for the Florida Retirement System Investment Plan is being adopted. There are no other rules incorporating this amended rule. The proposed amendment does not have an impact on any other rules. Legislative ratification of the rule amendment is not required.

RULEMAKING AUTHORITY:

121.4501(8), 215.52 FS.

LAW:

121.4501(1), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) FS.

PRINT PUBLISH DATE:

1/21/2022 Vol. 48/14

COMMENTS:

From 1/21/2022 To 2/11/2022 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

Ref-08699 FRS Investment Plan Investment Policy Statement- 2017
Ref-13933 FRS Investment Plan Investment Policy Statement- Approved May 4, 2021

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